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Deregulation of Non-Public Investment Funds: Optional Certificate Registration

The bill introduces deregulation for non-public closed-end investment funds by removing the mandatory registration of certificates in the National Depository for Securities. This change aims to reduce operating costs and administrative burdens by allowing funds to maintain their own participant registers.
Key points
Non-public funds can now choose between central registration (KDPW) or keeping their own participant register.
Removal of the mandatory 'issue agent' requirement for funds opting for internal registration.
Existing funds can switch registration methods with investor approval to lower operational costs.
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53%
VOTING RESULTS
2026-02-27
For 231
Against 203
Abstain 1
gavel
Status:
Transmitted to President
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Additional Information
Print number: 10_2163
Process start date: 2026-01-20
Voting date: 2026-02-27
Meeting no: 52
Voting no: 69